The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
May. 26, 2026
Filed:
Apr. 30, 2024
Mastercard International Incorporated, Purchase, NY (US);
Jaipal Singh Kumawat, Sikar, IN;
Gurpreet Atwal, Chesterfield, MO (US);
Shivani Magarkar, Tikari, IN;
MASTERCARD INTERNATIONAL INCORPORATED, Purchase, NY (US);
Abstract
Examples provide methods for managing inventory exchanges between suppliers and merchants. The method includes transmitting a unit code associated with a unit of product to a supplier, where the unit code is a machine-readable image that embeds a unit identifier (ID) allocated to individual units of product; receiving a message that includes the unit ID having been extracted from the unit code by a first scanning device; automatically performing a procurement transaction from the merchant to the supplier for a stocking price, being a first portion of a wholesale price associated with the unit of product; receiving, from the merchant upon detection of a retail sale of the unit of product, a sale message that includes the unit ID; and automatically performing a supplier share transaction from the merchant to the supplier for a remainder price, the remainder price being a second portion of the wholesale price.
Data source: USPTO (United States Patent and Trademark Office) public patent records. Weekly synchronization. How IDiyas builds this profile